Source: news.google.com
A sizeable segment of the adult population around the world has been using Facebook as a social networking platform for years to connect with family and friends and expand their social circles. Just over a year ago, CEO Mark Zuckerberg renamed Facebook Meta, as part of a strategy to align social media platforms with the metaverse, where people can interact on multiple levels, in virtual reality.
Whether the rebranding has had any negative effects is open to speculation, but Meta is now going through growing pains. The company announced that it has laid off 11,000 employees, representing 13% of its workforce, and will impose a hiring freeze that will last until the first quarter of 2023, as detailed in a letter from Zuckerberg to employees.
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